Bank of Queensland Superannuation Savings Account

Bonus interest

Get rewarded with a bonus 1.9% p.a. interest on top of the base variable rate for the first four months after you open the Bank of Queensland Superannuation Savings Account. The bonus interest rate applies on balances greater than $10,000. The bonus rate is available to new Bank of Queensland customers only. The base variable rate of interest applies after the introductory period has finished.

On call access

Earn interest on your SMSF cash balance and withdraw the funds when you want without restriction.

Internet banking

Make unlimited instant electronic transfers to Bank of Queensland accounts from the Bank of Queensland Superannuation Savings Account. Use the 'pay anyone' feature to transfer funds to accounts held with non-Bank of Queensland financial institutions. A transaction fee is charged for each 'pay anyone' electronic transfer.

BPAY

Make unlimited free BPAY payments from Bank of Queensland internet banking.

Direct credits

Get regular contributions to your fund electronically paid to the Bank of Queensland Superannuation Savings Account.

Direct debits

Pay your SMSF billers automatically when due by setting up a direct debit arrangement. For example membership fees for professional associations can be automatically paid from this savings account every month.

Branch access

Staff assisted transactions such as withdrawals and deposits are available at Bank of Queensland branches. Bank of Queensland charge a fee for each transaction.

Maximum balance

There is no stated Bank of Queensland Superannuation Savings Account balance; however, accounts with balances over $5,000,000 are subject to approval by Bank of Queensland.

Fees

There's no application fee and no monthly account service fee.

Documentation needed

Provide information about the SMSF when you apply for this BOQ SMSF savings account.

• SMSF information. Contact information for the SMSF trustee(s) or company directors, the SMSF Australian Business Number (ABN) and a certified copy of the SMSF original trust deed.
• Trustee(s) contact information. You'll need to provide the name and date of birth of details of the SMSF trustees if the trustee(s) are registered as individuals. If the trustee is registered as a company provide details of the company such as the full name of the company, address of the registered office and the names of the company directors.
• Account authorisers and signatories. All individual SMSF trustees must register as a BOQ Self Managed Super Fund Account authoriser. A minimum of two company directors (or a director and a company secretary) must register as an account authoriser if the SMSF trustee is a company. Anyone can be nominated as a signatory to this account.
• Authoriser identification. If the Self Managed Super Fund Account authorisers are new Bank of Queensland customers, they will need to verify their identity with the bank. Use two primary photographic documents such as a driver's licence, passport or proof of age card or a combination or no primary or secondary forms of identification to verify your identity with Bank of Queensland.

What happens after I submit my application?

Once your application for this account has been approved, Bank of Queensland will provide you with the Self Managed Super Fund Account details so you can start making deposits.